Public Sector Undertakings in India 2021

Table of Contents

Public Sector Enterprises are state owned or government owned enterprises in India. They are also called Public Sector Undertakings. Companies that are listed under Public Sector Undertakings are partly or completely owned by the government. For Public sector Undertakings majority of their shares should be government owned.

More than 51% shares of PSU’s are under the central or state government. Based on whether the shares of the company are owned by the central or state government, PSU’s are divided into two. Central Public Sector Enterprises and State Public Sector Enterprises. Central Public Sector companies are partially or fully owned by the government of India. State Public Service Undertakings are owned by the state government.

Initially there were just 5 public service enterprises in India. Now there are 348 PSU’s. In this article we will discuss the complete list of Public Service Undertakings in India. Read the complete article to know all about Public service enterprises in India.

Public Sector Undertakings – Major Highlights

It is already discussed that PSU’s are classified as Central Public Sector Enterprises and State Public Sector Enterprises. Public Sector companies are given additional financial autonomy based on their profit level. Depending upon the profit made by the Central Public Service enterprises they are further divided. They are namely the Maharatna, navaratna and miniratna companies.

Navaratna and miniratna companies have been functioning in India as early as from 1997. Maharatna companies have come into existence since 2007. In the below section we will discuss the classification of PSU’s in detail.

Classification of Public Sector Undertakings

Maharatna Public Sector Undertakings

The public service undertakings coming under the Navaratna status are chosen as Maharatna Public Service Undertakings. Also to achieve this status the companies must be listed in the Indian stock exchange. These companies should also fulfil the minimum public shareholding as set down by the Securities and exchange board of India.

Apart from what is given below certain other criterias also have to be fulfilled, for PSU’s to attain the navaratna status.

Average total worth of the company in the past three years should be more than an 15000 crores
Yearly turnover of the public service undertaking during the last 3 years has to be more than Rs 2500 crores
Also the yearly profit made by the company after the taxes in the last three years has to be greater than Rs 5000 crores.
It is also mandatory for the PSU to have adequate international presence
Currently there are 9 Maharatna public service vice undertakings. The names of those 7 companies are also enclosed in the article below

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Navaratna Public Sector Undertakings

It is mandatory for the PSU to have miniratna I status and schedule A listing for the company to have navaratna status
The Memorandum of understanding (MOU) of the PSU must be excellent or very good in the last five years
Apart from the points given above the PSU should have a score of 60 or more than that. The score of the PSU is out of 100 for the parameters given below

1. Total profit to total worth
2. Earnings for each share
3. Overall profit as turnover
4. Cost of manpower to cost of service or production
5. Inter sectoral comparison
6. Overall margin as the funds employed

In total there are 17 navratna PSUs

Miniratna PSU’s

Miniratna Public Service Undertakings are divided into two, Miniratna I and Miniratna II
At present there are 71 Miniratna PSU’s
Miniratna Public service enterprises are those that have shown steady profit in the last three years. The company should also have positive net worth
For the companies to attain miniratna I status PSU must have generated profits in the past 3 years. Also must have generated a profit of more than 30 crores in any one of the last 3 years
Miniratna II PSU’s company must have a positive net worth in the last 3 years. Also company should have made profit in the last 3 years

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Public Sector Undertakings – A Complete List

List Of Maharatna PSUs

Indian Oil Corporation Limited
Coal India Limited
Gas Authority Of India or GAIL India Limited
Bharat Heavy Electricals Limited
Steel Authority of India Limited
Oil and Natural gas Corporation Limited
National Thermal Power Corporation or NTPC Limited
Bharat Petroleum Corporation Limited
Power Grid Corporation Of India

List of Navratna PSUs

Engineers India Limited (EIL)
Mahanagar Telephone Nigam Limited (MTNL)
Bharat Electronics Limited (BEL)
Container Corporation Of India (CONCOR)
National Aluminium Company (NALCO)
Hindustan Aeronautics Limited (HAL)
Neyveli Lignite Corporation Limited (NLCIL)
National Buildings Construction Corporation (NBCC)
National Mineral Development Corporation (NMDC)
Rural Electrification Corporation (REC)
Power Finance Corporation (PFC)
Oil India Limited (OIL)
Rashtriya Ispat Nigam Limited (RINL)
Shipping Corporation Of India (SCI)

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List Of Miniratna I PSUs

MOIL
Mahanadi CoalFields
Indian Tourism Development Corporation (ITDC)
Indian Trade Promotion Organization (ITPO)
HSCC Ltd
Housing and Urban Development Corporation (HUDCO)
Indian Rare Earths (IREL)
Indian Railway Catering and Tourism Corporation (IRCTC)
Ircon Limited
Mazagon Dock Limited
Kudremukh Iron Ore Company
Educational Consultants India Limited (ECIL)
Cochin Shipyard Limited
Goa Shipyard Limited
Hindustan Copper Limited
HLL Lifecare Limited
Hindustan Newsprint
Hindustan Paper
Dredging Corporation Of India
Kamarajar Port Limited
Garden Reach Ship Builders and Engineers
Indian Renewable Energy Development Agency
Bharat Dynamics Limited
Bharat Coking Coal Limited
Balmer Lawrie
Airport Authority Of India
Antrix Corporation
Bridge and roof
Central Coalfields Limited
Bharat Sanchar Nigam Limited
Bharat Earth Movers Limited
Chennai Petroleum Corporation
Central Warehousing Corporation
NHPC Ltd
National Seeds Corporation
Mangalore Refinery and petrochemicals limited
MSTC Ltd
MMPC Ltd
National Fertilizers
National Small industries corporation
Mishra Dhatu Nigam
Northern Coalfields Limited
RITES
ONGC Videsh
SJVN Ltd
Rail Vikas Limited
RailTel Corporation Of India
Pawan Hans
Rashtriya Chemicals and Fertilizers
Projects and development India Limited
Numaligarh Refinery
North Eastern Electric Power Corporation
Security Printing and Minting Corporation Of India
Telecommunication Consultants India
South Eastern Coalfields
State Trading Corporation Of India
Mineral Exploration Corporation Limited
THDC Ltd
Western Coalfields
Water and Power Consultancy Services

List of Miniratna II PSUs

MECON
PEC Ltd
HMT Ltd
Ferro Scrap Nigam Limited
Indian Medicines and Pharmaceuticals Corporation Limited
National Film Development Corporation Of India
Artificial Limbs Manufacturing Corporation Of India
Central Mine Planning and Design Institute
Bharat Pumps and Compressors
Broadcast Engineering Consultants India
Central Railside Warehouse Company
Engineering Projects
FCI Aravali Gypsum and Minerals (India) Limited
Ministry of new and renewable energy (MNRE) and solar energy corporation of India
Rajasthan Electronics and Instruments limited